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European Commission publishes first report on implementation of trade agreement

 Last Update: 2023-03-24
 Source: Internet
 Author: User

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European Commission website October 27 news: The European Commission released the first "EU Trade Agreement Implementation and Implementation" report.
tangible results of the agreement
.
The report said that in the past year, the European Commission used trade agreements to remove 33 trade barriers for 22 trading partners, enabling companies to increase exports by 4 billion euros; the "Market Access Portal" provides support to 580,000 SMEs, with annual visits The number of complaints reached 1.
5 million; 29 formal investigations have been launched since the single window for complaint acceptance was launched; positive progress has been made in dispute settlement, especially labor rights, prompting South Korea to ratify ILO conventions
.

The report said the Commission also took decisive steps to implement or advance a number of important legislation, including: a foreign investment review mechanism to come into force in October 2020; new export control rules to take effect in September 2021; preparation of legislative proposals for anti-coercion tools; and The European Parliament, the Council of the European Union promote international procurement tools; propose new tools to deal with foreign subsidies distorting the single market
.

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